MNI China Daily Summary: Friday, April 19

MNI BRIEF: China Hog Market More Balanced In Q2 - Ministry

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Higher At 7.1046 Fri; -5.03% Y/Y

CHINA SETS YUAN CENTRAL PARITY AT 7.1046 FRI VS 7.1020

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

INE Business Confidence Data Supports Upward Revisions In Q1 GDP Forecasts

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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(Z2) Corrective Bounce

BOBL TECHS
  • RES 4: 121.950 High Oct 4 and a reversal trigger
  • RES 3: 121.010/330 High Oct 28 and a bull trigger / High Oct 5
  • RES 2: 120.358 50-day EMA
  • RES 1: 120.080 High Nov 2
  • PRICE: 119.480 @ 05:12 GMT Nov 10
  • SUP 1: 118.260 Low Nov 8
  • SUP 2: 117.630 Low Oct 21 and the bear trigger
  • SUP 3: 117.342 2.618 proj of the Aug 25 - Sep 1 - Sep 6 price swing
  • SUP 4: 116.986 2.764 proj of the Aug 25 - Sep 1 - Sep 6 price swing

Bobl futures recovered Wednesday and price remains above this week’s lows. A bearish theme dominates and short-term gains are considered corrective. Furthermore, moving average studies are in a bear mode position highlighting the broader sentiment. Key short-term resistance is seen 120.358, the 50-day EMA. A clear break of this EMA is required to highlight a stronger reversal. The bear trigger is unchanged at 117.630, the Oct 21 low

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